Already corona virus is severely affecting huge industries especially the stock market. Travel related stocks and companies offering group gatherings are already impacted hugely. However, stay-at-home stocks with services and products consumers would not be as affected. It is particularly true for those businesses, which are rendering the customer-friendly and low cost experience. Among those companies, T-mobile always has a special position and its stock witness a growth factor for this year while there is a huge down in the market recently. If you look for something to purchase mid the current panic situation, T-mobile’s tmus stock at https://www.webull.com/quote/nasdaq-tmus is the right option to go with. Keep reading to know the major reasons behind this!
Why you should buy T-mobile stock?
Back in 2018, T-mobile has agreed to a contract of merging with the Sprint. After a huge and long process, the companies received their sign offer to merge recently after winning in court. Now, T-mobile combined with Sprint becomes a great force in shaking up the entire telecom space. Currently, the company is planning for the official development of a 5G network, which could rivals AT & T and Verizon, which well known for 4G networks. As the 5G war starts up, T-mobile surely gets the par for its lower cost and customer friendly service. As a result, it takes more market share in the upcoming years.
With the combination of two networks, the new T-mobile not only becomes a strong competitor but also becomes powerful in terms of revenue. Management expects about two-thirds of the company savings come from the network side while one-third from back office operations. Even though Sprint makes less profit while having debt on its balance sheet, T-mobile has been growing its profits strongly. The coronavirus has made the stocks down but T-mobile still continues to become a profitable and stronger company. Since the stock is still cheap, many investors wish to purchase it.
Although loads of citizens may not be traveling anytime, T-mobile should not be affected completely. They are starting to engage with the best mobile plan when compared to a residential broadband connection. Apart from that, consumers choose T-mobile regarding the lower cost option after comparing the two major players in wireless. If you want to enjoy a safe pick in the coronavirus scare and economy down issue, then go with the tmus stock. It helps you to enjoy several benefits while safeguarding your stock investment. You will also expect potential returns from your investment in the years to come. If you want to know more information like trade options beginners guide, you can visit at https://www.webull.com/blog/32-How-to-Trade-Options-Beginners-Guide-To-Getting-Started.